Latest Key Developments (Source: Significant Developments)

Agrium Inc CEO Chuck Magro, speaking on a conference call said: All indications are that a proposed merger with Potash Corp of Saskatchewan will be overwhelmingly supported by shareholders Further company coverage: [POT.TO] [AGU.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).
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: Moody's places Potash Corp under review for downgrade following merger announcement .Moody's on Potash Corp - "Management has not laid out their near-term financial priorities for cash".
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Nikkei: Moody's places Agrium under review for upgrade following merger announcement with Potash Corp .Moody's on Agrium - "review for upgrade reflects the fundamental benefits of the combined entity with a larger balance sheet".
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Potash Corporation of Saskatchewan Inc : Says either party may be obligated to pay a $485 million termination fee to the other party, in case of termination of merger .If arrangement is not completed because of material breach by a party, breaching party will be obligated to pay nonbreaching party $50 million.
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Agrium Inc , Potash Corp : Based on the Aug 29, market caps of both Potash and Agrium, combined co will have $26 billion market cap - conf call . New co will have combined low-cost capacity of about 22 million tonnes - conf call . Combined co will have a diverse phosphate product portfolio, and will be largest input and retailer in world, with more than 1400 locations . Majority of $500 million of annual operating savings from deal are unrelated to headcount . The $500 million of annual synergies will take about two years to get, driven by having the combination of 2 companies . After deal close will almost be singularly focused on integration, delivering synergies that don't require international effort or exposure or investment . After deal close will stay focused in our backyard in North America . "We don't expect any concerns when it comes to shared wallet with the farmer" - conf call . In terms of potash, highly confident that there will be absolutely no problem - conf call . Have every bit of confidence we can see this transaction go through as is without divestitures . Independent of market conditions will be able to achieve 20 percent improvement in market caps by execution Further company coverage: [AGU.TO] [POT.TO] ((bangalore.newsroom@thomsonreuters.com;)).
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Agrium Inc : Agrium and PotashCorp to combine in merger of equals to create a world-Class integrated global supplier of crop inputs . New company to be named prior to transaction's closing . Registered head office in Saskatoon, with Canadian corporate offices in both Calgary and Saskatoon . PotashCorp shareholders will receive 0.400 common shares of new company for each common share of PotashCorp they own . Agrium shareholders will receive 2.230 common shares of new company for each common share of Agrium they own . Says Jochen Tilk will serve as executive chairman, and chuck magro will serve as chief executive officer . Upon closing of transaction, Jochen Tilk will serve as executive chairman, and Chuck Magro will serve as chief executive officer . PotashCorp shareholders will own about 52 percent of new co, Agrium shareholders will own about 48 percent on fully diluted basis . On a 2015 pro forma basis, new company would have had net revenue of approximately us$20.6 billion and EBITDA of us$4.7 billion before synergies . New company's board of directors will have equal representation . Morgan Stanley & Co LLC is serving as joint financial advisor to Agrium and PotashCorp . Agrium inc says combination of both companies expected to generate up to US$500 million of annual operating synergies.
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Agrium Inc : Agrium's crop production services announces two retail acquisitions, to add 34 locations in the u.s. And canada . Received regulatory approval for its retail business to acquire 16 locations in western canada from andrukow group solutions inc .Additionally, cps recently completed acquisition of 18 locations from cargill aghorizons (u.s.) across northern u.s. Corn-Belt region.
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